Mirion Technologies, Inc. (NYSE:MIR) Shares Purchased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lifted its holdings in shares of Mirion Technologies, Inc. (NYSE:MIR - Free Report) by 70.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,368,734 shares of the company's stock after buying an additional 981,199 shares during the quarter. Lord Abbett & CO. LLC owned approximately 1.02% of Mirion Technologies worth $41,334,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its stake in Mirion Technologies by 29,948.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,214,921 shares of the company's stock valued at $73,550,000 after purchasing an additional 4,200,894 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Mirion Technologies in the 4th quarter valued at $53,066,000. Artemis Investment Management LLP acquired a new position in Mirion Technologies in the 4th quarter valued at $38,155,000. Bornite Capital Management LP acquired a new position in Mirion Technologies in the 4th quarter valued at $36,942,000. Finally, Raymond James Financial Inc. acquired a new position in Mirion Technologies in the 4th quarter valued at $17,164,000. 78.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on MIR. B. Riley reduced their price objective on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Citigroup dropped their target price on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird dropped their target price on Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $18.75.

Mirion Technologies Trading Up 0.5 %

Shares of NYSE MIR traded up $0.08 during mid-day trading on Monday, reaching $15.40. 1,612,469 shares of the company's stock were exchanged, compared to its average volume of 1,679,080. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of -81.05 and a beta of 0.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. Mirion Technologies, Inc. has a 52-week low of $9.11 and a 52-week high of $18.81. The company's 50-day moving average is $14.49 and its 200-day moving average is $15.64.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. Analysts expect that Mirion Technologies, Inc. will post 0.39 EPS for the current fiscal year.

Mirion Technologies Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.